Highwave Optical Technologies Announces a 20% Increase in its First Quarter 2005 Revenues
Lannion, France (ots/PRNewswire)
Highwave Optical Technologies (Nouveau Marché, HGWO), a leading technology supplier of active fiber based components and subsystems for the telecommunication Dense Wavelength Divisio n Multiplexing (DWDM) systems, fiber laser industry, fiber optic sensors and defense markets, announced today its revenue for its Q1 2005 fiscal year.
Revenues for the first quarter of the fiscal year 2005 was EUR 0.936 million , representing a sequential increase of 20% versus the fourth quarter 2004 revenues.
Revenue by Product for the First Quarter 2005 (as a % of total revenue)
Q404 Q105
Optical Amplifiers 77% 78%
Components 3% 6%
Special Optical Fibers 10% 13%
Services and Merchandise 10% 13%Revenue by Region for the First Quarter 2005 (as a % of total revenue)
Q404 Q105
EMEA 86% 65%
North America 4% 14%
Asia-Pacific 10% 21%"The revenues for Q1 2005 shows a sequential quarter-over-quarter increase of 20% and illustrates a significant pick-up in our backlog. During this first quarter of our fiscal year 2005, the company has finalized its last restructuring and comprises to date 50 full-time employees and 5 temporary workers. Moreover, General and Administrative costs have decreased by 30% versus Q4 2004. Our operational objectives are to achieve significant revenue growth and to increasingly reduce fixed costs by outsourcing mass production to our Thai outsourcer.", Sylvain Boj, commented.
This press release may contain forward looking information based on estimates and assumptions by management as well as information available to management. These estimates and assumptions are subject to risks and uncertainties capable of making the actual results of the company differ substantially from the results presented explicitly or implicitly in these forward looking statements. The current release should not be viewed as offering any degree of certainty to such forward looking statements.
About HighWave Optical Technologies
Highwave Optical Technologies is one of the leading suppliers of active fibers and subsystems for Dense Wavelength Division Multiplexing (DWDM) telecom systems, the optical laser fiber industry, fiber optic sensors and defense markets. Since its creation in 1998, the company has appeared in the telecommunications market as one of the leading suppliers of optical amplifiers and components for the largest manufacturers. The company is based in Lannion, France. Since its listing on the market in June 2000, shares of Highwave Optical Technologies have been traded on the Euronext Paris market (HGWO). For more detailed information, please consult our Internet site: www.highwave-tech.com
Contact:
Hubert Lévêque, CFO Highwave Optical Technologies +33-02-96-04-27-08;
Sylvain Boj COO Highwave Optical Technologies +33-02-96-04-20-00.